Podcast overview
Professionals from our Department of Professional Practice discuss accounting, presentation and disclosure considerations of the Consolidated Appropriations Act.
Applicability
- All entities affected by COVID-19
Podcast contents
- 01:15 Paycheck Protection Program (PPP) summary
- 04:25 Accounting for PPP
- 08:25 Timing of accounting for PPP
- 09:25 PPP tax items
- 11:00 Employee Retention Credit (ERC)
- 13:25 Accounting for ERC
- 15:05 Background on income tax relief
- 20:20 Accounting considerations for tax relief
- 23:25 Other programs
- 25:20 Disclosures
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